Investment Advisor
Salary

The average pay for an Investment Advisor is $61,918 per year. The skills that increase pay for this job the most are Portfolio Management, Investment Management, and Investment Planning. Experience strongly influences income for this job.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

Job Description for Investment Advisor

Banks and financial institutions employ investment advisors to work with existing customers to update their portfolio as needs, economic climate, and and their financial situations change. The advisor also works to attract new clients and customers as well, marketing themselves and their financial institution’s investment services.

Investment advisors should fully understand the range of their company's investment strategies, vehicles, and financial products; they should also be able to determine which of these strategies would work best for variety of clients. The advisor listens to their clients, helps them understand market trends, and helps them invest money to get maximum return. This involves not only continuing education on investment and market opportunities, but also keeping track of how the client views their existing portfolios.

Many financial institutions expect an investment advisor to do some amount of active marketing of his or her services. This typically involves setting up investment seminars or luncheons, presenting prospective clients with an array of investment options and demonstrating ongoing successes of existing clients. Investment advisors typically work in an office environment during regular business hours, but they may schedule occasional investment seminars for marketing purposes during the evenings as well.

Many banks and institutions require financial advisors have at least a bachelor’s degree in business or a related field; many prefer an advanced degree such as a master's of business administration (MBA. Additionally, investment advisors must have up-to-date certifications as required by the federal and state regulations. Banks typically prefer to hire investment advisors with at least three to five years of experience in a related position.

Investment Advisor Tasks

Follow-up with clients on plans, track successes, and inform about modifications.